When did Vlad jump the shark?

[Monte Davis]

Jesus H. Christ in a field of fixed-income lilies with credit-default butterflies (Morpho Russo-Americanus)….  

 

Thank you, Charles, for providing a new exemplar of “from the sublime to the ridiculous.”

 

From: owner-pynchon-l at waste.org [mailto:owner-pynchon-l at waste.org] On Behalf Of Charles Albert
Sent: Friday, June 14, 2013 9:16 AM
To: Pynchon Liste
Subject: When did Vlad jump the shark?

 

>From

FIXED INCOME INVESTING - The Danger of Complacency

Quantifying the Risk of a Low Interest Rate Environment

William F. Woodruff, CIO, Bαndon Capital Management


Nabokov once said that, "Complacency is a state of mind that exists only in retrospective: it has to be shattered before being ascertained."
We believe that investors, as a group, are failing to recognize a number of critical warning signs, outlined in the next section.




love,
cfa

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